(The Epoch Times)—New research by a pair of prominent economists suggests that the U.S. economy has been in a recession for the last two years after inflation adjustments are taken into account.
According to Bureau of Labor Statistics data, cumulative inflation since 2019 has totaled nearly 25 percent.
But inflation figures have been understated by nearly half, resulting in cumulative growth to be “overstated by roughly 15%,” say economists EJ Antoni and Peter St. Onge.
“Moreover, these adjustments indicate that the American economy has actually been in recession since 2022,” they wrote in a new study published in Brownstone Journal.
Undercounting inflation has implications for economic growth because rapid price changes have bolstered the nominal values of a wide array of economic metrics “without resulting in any real change.”
Antoni and St. Onge cited several data points comparing nominal (non-inflation-adjusted) and real (inflation-adjusted) since January 2019. more
Surprise, surprise, surprise… A lying, evil sack of shit government fudging (and packing?) the numbers…
Must be Trump’s fault
This is best called: Biden’s economic pornography.
No matter how much they deny it, everybody knows it when they see it!
I’m only surprised it isn’t in Hunter’s laptop!
https://youtu.be/MNeVjVu9O6w
https://youtu.be/uCGD9dT12C0
The Harris/Walz motto:
“If You Don’t Vote For Us…
You Ain’t Stupid!
Did they run out of new definitions to gaslight us with?
they going to tell us that water’s wet too? recession has been obvious for a while to anyone paying even casual attention.
We’ve been in a recession for over three years. They just keep changing the definition.